CEFT notched a new closing high on Tuesday, putting to an
end its streak of three down days in a row. We are
encouraged that the stock was able to close over $50.50,
but are still concerned that resistance has held up at
$51.50. If the broader market cooperates tomorrow, we feel
that CEFT has set itself up to finally break through
resistance at $51.50. Therefore, traders looking to get
into CEFT should wait for a definitive close above this
level accompanied by good volume of at least 3.9 million
shares for the day.